Market research

Raw bovine and equine hides and skins market in Bhutan

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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Earlier Report Observations

Between 2018 and 2022, the Bhutanese market for raw bovine and equine hides and skins experienced substantial growth, with volume more than doubling from 166.5 tons to 427.6 tons. This expansion was particularly strong from 2020 onward, following a temporary dip in 2019 when the market shrank to 145.1 tons. The years 2021 and 2022 saw accelerated growth rates of 46.9% and 59.7% respectively, driving the market to its peak.

In 2023, the market volume contracted by 17.6% to 352.5 tons, though it remained well above the levels seen at the start of the period. The slight import activity recorded in 2023 did not significantly alter the market's reliance on domestic production, which continued to dominate supply.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2025
    3. 4.1.1.3. Exports, 2018-2025
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Bhutan
  1. 5.1.1. Annual dynamics of production in Bhutan in kind, 2018-2023, t
  2. 5.1.2. Annual dynamics of production in Bhutan in value, 2018-2023, $ US
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, t
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, t
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Imports
1. 6.1. Imports (Direct Data*)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, kg
    1. 6.1.2.1. Annual dynamics of product's imports to Bhutan in kind, 2018-2025, kg
    2. 6.1.2.2. Dynamics of product's imports in kind to Bhutan by countries, 2018-2025, kg
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 6.1.3. Imports in value, $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Bhutan in value, 2018-2025, $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Bhutan by countries, 2018-2025, $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 6.1.4. Average price of product's imports, $ US/kg
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Bhutan, 2018-2025, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's imports to Bhutan by countries, 2018-2025, $ US/kg
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, kg
    1. 6.2.2.1. Annual dynamics of product's imports to Bhutan in kind, 2018-2025, kg
    2. 6.2.2.2. Dynamics of product's imports in kind to Bhutan by countries, 2018-2025, kg
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2025
  3. 6.2.3. Imports in value, $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Bhutan in value, 2018-2025, $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Bhutan by countries, 2018-2025, $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2025
  4. 6.2.4. Average price of product's imports, $ US/kg
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Bhutan, 2018-2025, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's imports to Bhutan by countries, 2018-2025, $ US/kg
7. Trade balance
1. 7.1. Trade balance (Direct Data)
  1. 7.1.1. In kind, kg
  2. 7.1.2. In value, $ US
2. 7.2. Trade balance (Mirror Data)
  1. 7.2.1. In kind, kg
  2. 7.2.2. In value, $ US
8. Top buying and selling countries, 2018-2025
1. 8.1. Direct Data
  1. 8.1.1. Import in Value by Countries-buyers
  2. 8.1.2. Export in Value by Countries-suppliers
2. 8.2. Mirror Data
  1. 8.2.1. Import in Value by Countries-buyers
  2. 8.2.2. Export in Value by Countries-suppliers

Production raw bovine and equine hides and skins in Bhutan

In kind, 2018-2021, t

Top producers of raw bovine and equine hides and skins, 2018-2021

Source: SHEV.io

World map of production of raw bovine and equine hides and skins, 2018-2021

Source: SHEV.io

Bhutan's production of raw bovine and equine hides and skins has increased for the second year in a row. In 2021, the country produced 267.7 tonnes, marking a significant 47.0% rise compared to the previous year. Looking at the period from 2018 to 2021, overall production grew by 60.8%, which translates to an average annual increase of 17.2%. The lowest production level was recorded in 2019 at 145.1 tonnes, and that year also saw the largest decline of 12.9%.

Annual dynamics of production in Bhutan in kind, 2018-2021, t

Parameter		2019	2020	2021	CAGR
1	Change from last year	(12.9%)	25.6%	47.0%	17.2%

Source: SHEV.io

Exports raw bovine and equine hides and skins from Bhutan

Market research indicates that Bhutan did not export any raw bovine and equine hides and skins between 2018 and 2021.

Imports raw bovine and equine hides and skins to Bhutan

Imports in kind, kg

Annual dynamics of product's imports to Bhutan in kind, 2018-2021, kg

Parameter		2019	2020	2021	CAGR
1	Change from last year	n/a	n/a	n/a	-

Source: SHEV.io

From 2018 to 2021, Bhutan's imports of raw bovine and equine hides and skins were entirely concentrated on India, which accounted for 100.0% of the total volume.

Structure of product's imports in kind by countries, 2018-2021

Source: SHEV.io

World map of product's imports to Bhutan in kind, 2018-2021

Source: SHEV.io

Imports in value, $ US

Annual dynamics of product's imports to Bhutan in value, 2018-2021, $ US

Parameter		2019	2020	2021	CAGR
1	Change from last year	n/a	n/a	n/a	-

Source: SHEV.io

During the 2018–2021 period, the value structure of Bhutan's imports was dominated by a single market: India, with a share of 100.0% of total imports.

Structure of product's imports in value by countries, 2018-2021

Source: SHEV.io

World map of product's imports to Bhutan in value, 2018-2021

Source: SHEV.io